Tuesday, March 12, 2013

AAPL: Jefferies' Peter Misek cuts his price target...

7:37 AM Jefferies' Peter Misek cuts his price target on Hold-rated Apple (AAPL) to $420 from $500. He's slashing his revenue numbers and seeing about a 25% chance the company misses Q1 guidance after Jefferies' recent supplier checks. "Historically when handset makers fall out of favor, they fall faster/further than expected." Shares -0.7% premarket. Read comments

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AAPL price at time of publication: $437.87. Check AAPL price now »

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